BASWARE CORP. STOCK EXCHANGE RELEASE DECEMBER 18, 2007 BasWare Corp. received a significant order from an international industrial and services company in the United Kingdom that will implement the BasWare Enterprise Purchase to Pay suite to automate its financial processes. The value of the agreement is approximately EUR 750 000. The BasWare Enterprise Purchase to Pay suite at the customer also includes a data capture application provided by a third party for scanning incoming invoices. Scanned invoices are automatically transferred to BasWare Invoice Processing solution. The application also enables automatic extraction of invoice line item data. With BasWare matching solutions, the line item information can be used to match purchase invoices with pre-approved purchase orders. The agreement also includes BasWare Key Performance Indicator Reporting Tool for measuring process efficiency. ”This agreement further attests to the strengths of our end-to-end solution. The agreement also includes the reporting tool that measures process efficiency - this enhances productivity and quality as well as further reduces costs within the company,” says Ilkka Sihvo, CEO, BasWare Corp. BasWare Enterprise Purchase to Pay suite includes solutions for automated invoice processing and procurement. BasWare Key Performance Indicator (KPI) Reporting Tool measures cost, quality, productivity, strategic alignment and employee and supplier specific issues of the purchase to pay process. For more information, please contact CEO Ilkka Sihvo, BasWare Corp. Tel. +358 9 8791 7251 or +358 40 501 8251 BASWARE CORP. Ilkka Sihvo Distribution OMX Nordic Exchange Helsinki Key media www.basware.com
BasWare Corp. delivers Enterprise Purchase to Pay suite to an international industrial and services company
| Source: BasWare